An indifference map shows _____. (Multiple Choice)

An indifference map shows _____.
 a. all combinations of two goods that a consumer can afford to purchase
  b. all combinations of two goods that provide the same level of utility
  c. a set of indifference curves for a representative consumer
  d. all combinations of price and quantity that provide the same level of utility
  e. the combination of goods that a consumer can afford to buy

QUESTION 2

Which of the following is a short run adjustment?
 a. A bakery hiring two additional bakers.
 b. Two new firms enter the textile industry.
 c. Three firms leave the bicycle industry.
 d. A computer hardware company builds a new factory.

QUESTION 3

The quantity of capital demanded changes when one of the nonprice determinants of demand change.
 a. True
  b. False
  Indicate whether the statement is true or false

QUESTION 4

Which of the following financial market developments has helped to remove financial constraints faced by people?
 a. Online stock trading
  b. Bank credit cards
  c. Derivatives trading
  d. ATM/Debit cards

QUESTION 5

As one moves downward on an indifference curve, the:
 a. total utility from the consumption of a good decreases.
  b. total utility from the consumption of a good increases.
  c. the total satisfaction from consumption remains the same.
  d. the marginal utility from the consumption of a good increases.
  e. the total satisfaction from consumption decreases.